Reuters: Former NY Mayor Bloomberg to forgo 2020 White House bid, will focus on climate change

By James Oliphant, Reuters
March 5, 2019

Rather than running, Bloomberg said he would use his massive personal fortune – estimated at more than $50 billion – to launch a new climate change push, Beyond Carbon, with the goal of moving the nation away from fossil fuels and toward clean energy sources.

Bloomberg already backs another effort, Beyond Coal, dedicated to shutting down coal-fired power plants. In 2014, the United Nations appointed him the first special envoy for cities and climate change to work with cities globally to combat global warming.

He has ripped Trump as a “climate denier” for pulling the United States out of the Paris climate agreement.

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